TransUnion Enters Material Definitive Agreement
Ticker: TRU · Form: 8-K · Filed: Dec 17, 2024 · CIK: 1552033
| Field | Detail |
|---|---|
| Company | Transunion (TRU) |
| Form Type | 8-K |
| Filed Date | Dec 17, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $1,885,525,000, $425,000,000, $149,500,000, $4,713,812.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financing, agreement
TL;DR
TransUnion just signed a new credit agreement, locking in new debt.
AI Summary
On December 12, 2024, TransUnion entered into a material definitive agreement, specifically a credit agreement, which creates a direct financial obligation for the company. The filing details the terms of this agreement, which is a significant financial undertaking for TransUnion.
Why It Matters
This filing indicates a new financial obligation for TransUnion, which could impact its debt structure and financial flexibility.
Risk Assessment
Risk Level: medium — Entering into new financial obligations can introduce financial risk, depending on the terms and the company's overall debt management strategy.
Key Players & Entities
- TransUnion (company) — Registrant
- December 12, 2024 (date) — Date of Material Definitive Agreement
- 555 West Adams Street, Chicago, Illinois 60661 (address) — Principal Executive Offices
FAQ
What type of material definitive agreement did TransUnion enter into?
TransUnion entered into a credit agreement.
On what date was the material definitive agreement reported?
The earliest event reported was on December 12, 2024.
What is TransUnion's principal executive office address?
TransUnion's principal executive office is located at 555 West Adams Street, Chicago, Illinois 60661.
What is TransUnion's IRS Employer Identification Number?
TransUnion's IRS Employer Identification Number is 61-1678417.
Under which section of the Securities Exchange Act is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 1,012 words · 4 min read · ~3 pages · Grade level 12.5 · Accepted 2024-12-17 16:15:52
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value TRU New York Stock Exchange
- $1,885,525,000 — ans in an aggregate principal amount of $1,885,525,000 (the "2024 Refinancing Term B-9 Loans")
- $425,000,000 — nt) in an aggregate principal amount of $425,000,000 (the "2024-2 Refinancing Term B-8 Loans
- $149,500,000 — fter giving effect to such refinancing, $149,500,000 of 2019 Replacement Term B-5 Loans rema
- $4,713,812.50 — ng Term B-9 Loans in an amount equal to $4,713,812.50 per quarter beginning with the quarter
- $4,815,162.91 — g Term B-8 Loans) in an amount equal to $4,815,162.91 per quarter beginning with the quarter
Filing Documents
- ck0001552033-20241212.htm (8-K) — 29KB
- 0001552033-24-000082.txt ( ) — 151KB
- ck0001552033-20241212.xsd (EX-101.SCH) — 2KB
- ck0001552033-20241212_lab.xml (EX-101.LAB) — 21KB
- ck0001552033-20241212_pre.xml (EX-101.PRE) — 12KB
- ck0001552033-20241212_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On December 12, 2024, TransUnion Intermediate Holdings, Inc. ("Holdings"), Trans Union LLC (the "Borrower"), certain wholly-owned subsidiaries of TransUnion, Deutsche Bank AG New York Branch, as the administrative agent and the collateral agent, and the lenders party thereto entered into Amendment No. 24 (the "Amendment") to the Third Amended and Restated Credit Agreement, dated as of August 9, 2017 (as amended, amended and restated, supplemented and/or otherwise modified from time to time, including pursuant to the Amendment, the "Credit Agreement"). Capitalized terms used and not otherwise defined herein have the respective meanings given such terms in the Credit Agreement. Pursuant to the Amendment, the Credit Agreement was amended to, among other things, (i) refinance in full the Borrower's outstanding 2024 Replacement Term B-7 Loans with a new tranche of term loans in an aggregate principal amount of $1,885,525,000 (the "2024 Refinancing Term B-9 Loans"), (ii) refinance a portion of the Borrower's outstanding 2019 Replacement Term B-5 Loans with an upsize of the existing tranche of 2024 Refinancing Term B-8 Loans (as defined in the Credit Agreement) in an aggregate principal amount of $425,000,000 (the "2024-2 Refinancing Term B-8 Loans") and (iii) make certain other changes to the Credit Agreement as set forth therein. In addition, all of the obligations under the Loan Documents were reaffirmed in all respects. The proceeds of the 2024 Refinancing Term B-9 Loans, together with cash on hand at Holdings and its subsidiaries, were used to refinance in full the existing 2024 Replacement Term B-7 Loans and to pay accrued interest, fees and expenses incurred in connection therewith. The proceeds of the 2024-2 Refinancing Term B-8 Loans, together with cash on hand at Holdings and its subsidiaries, were used to refinance a portion of the existing 2019 Replacement Term B-5 Loans and to pay accrued interest, fees
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover page Interactive Data File (embedded within the inline XBRL file).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized. TRANSUNION Date: December 17, 2024 By: /s/ Todd M. Cello Name: Todd M. Cello Title: Executive Vice President, Chief Financial Officer